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Listed by:eXp Realty • Tim Cornwell

$350,000

Est. payment - /mo

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0.39 Acres Lot

Active

5870 Portal WAY Ferndale, WA 98248

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Ryan Born

ryan@born-realty.com +1(206) 498-0342

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Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

Subdivision Ferndale

MLS Listing ID 2490543

Style 42 - Multi-Family

Annual Tax Amount $2,022

Lot Size 0.390 Acres

Property Sub-Type Land

Property Description

Prime High Density Multifamily Development Opportunity Positioned for efficient infill development, this 16,988 square foot (0.39-acre) parcel offers a rare opportunity in Ferndale's Residential Multifamily High (RMH) zone, allowing 15 or more units per acre and building heights up to 55 feet. The site features a functional, buildable footprint with approximately 78 feet of frontage and 247 feet of depth, providing flexibility for a well-designed multifamily project. Conceptual planning supports a three-story apartment development in the 9 to 10 unit range, totaling approximately 12,000 square feet, with parking in the range of 16 to 20 stalls achievable through an efficient site layout. This property is well suited for developers seeking a high-density infill opportunity with a clear path to development and flexibility in design, including townhomes, small-scale multifamily, or a hybrid concept. With minimal excess land and a layout that naturally supports development, this is a strong opportunity for builders targeting a clean, efficient, and profitable project. Buyer to verify all development potential, density, parking, and design requirements with the City of Ferndale.

Location

State WA

County Whatcom

Area 870 - Ferndale/Custer

Interior

Fireplace false

Exterior

Utilities Available Electricity Connected, Natural Gas Available

View Y/N No

Building

Lot Description Paved, Sidewalk

Sewer On Property

Water On Property

Schools

School District Ferndale

Others

Senior Community No

Acceptable Financing Cash

Listing Terms Cash

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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Breakdown

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